Aluminium prices drift higher as September peak season operations recover amid low inventory
Futures: The most-traded SHFE aluminium contract opened at RMB 24,400 per tonne in the night session on September 7, reached a high of RMB 24,470 per tonne and a low of RMB 24,335 per tonne, and closed at RMB 24,450 per tonne, up 30 from the previous close, a gain of 0.12 per cent. Prices traded...
Macro disturbances cap upside room, while destocking continues to support aluminium price stabilisation
Futures: The most-traded SHFE aluminium contract opened at RMB 24,240 per tonne in the night session on September 4, with a high of RMB 24,355 per tonne, a low of RMB 24,220 per tonne, and a close of RMB 24,320 per tonne, up 0.12 per cent from the previous close. Futures stabilised and rebounded,...
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Alumina price stands higher at RMB 2461/t; A00 aluminium price extends growth by RMB 50/t
The average spot alumina price stands at RMB 2461 per tonne on Thursday, 06 February 2020, an increase of RMB 5 per tonne or 0.20 per cent from RMB 2456 per tonne. The alumina prices in China have increased in East and Central markets. The average prices of Alumina-East and Alumina-Central have...
Hindalco cuts aluminium ingots price by nearly 1% with effect from February 5
Hindalco Industries Ltd has reduced the prices of aluminium ingots, billets, and wire rods by nearly 1%. With effect from February 5, the aluminium ingot price now stands at INR 137,250 per tonne, a drop of 1.8% from INR 138,750 per tonne on February 4. This is the second time in a row that the...
Weiqiao raises its prebaked anode purchasing price by RMB20/t; A00 aluminium ingot price today grows by RMB10/t
According to the recent update on Shanghai Metals Market, Shandong Weiqiao Group has raised the benchmark purchasing price for prebaked anode by RMB 20 per tonne for February. This brings the price to RMB 2,620 per tonne in cash. In the last seven months, Weiqiao consecutively cut its prebaked...
Alumina price in China stands at RMB2456/t; Prebaked anode price in East market up by RMB10/t
The average spot alumina price stands at RMB 2456 per tonne on Tuesday, 04 February 2020, an increase of RMB 2 per tonne or 0.08 per cent, after remaining flat since January 14 at RMB 2454 per tonne. The average price of Alumina-North is up by RMB 5 per tonne to stand at RMB 2470 per tonne. The...
China sees a “never-before” price drop in A00 aluminium ingot post CNY holiday; Input costs remain unchanged
Post the Chinese New Year holiday from January 24 to February 2, 2020, the Chinese market has seen a “never-before” sharp drop in A00 aluminium ingot price of RMB 500 per tonne to stand at RMB 13,600 per tonne on February 3, found Shanghai Metals Market. This brings the price as low as was found in...
Hindalco cuts aluminium ingots price by nearly 1.5% with effect from January 30
Hindalco Industries Ltd has reduced the prices of aluminium ingots, billets, and wire rods by nearly 1.5%. With effect from January 30, the aluminium ingot price now stands at INR 140,750 per tonne, a decrease of 1.57 from INR 143,000 per tonne on January 28. This is the third time in a row that...
Nalco continues to increase its aluminium ingots prices by nearly 1%
National Aluminium Company (NALCO) reportedly continued to increase its aluminium ingots prices by nearly 1 per cent for the second time in the week gone by. After the hike, the prices of ingots came in at INR153,950 per tonne to INR 157,450 per tonne, with effect from Tuesday, January 21. In the...
Vedanta raised aluminium ingot price by more than 1% with effect from January 22
Vedanta has increased the prices of aluminium ingots, billets and wire rods by more than 1% with effect from Wednesday, January 22. This is the second time in a row that the company has raised the prices of its products. The price for Vedanta aluminium ingots now stands at INR 144,750-157,750 per...
Hindalco Industries hiked aluminium ingots price by nearly 1% with effect from January 22
Hindalco Industries Ltd has increased the prices of aluminium ingots, billets, and wire rods by nearly 1%. With effect from January 22, the aluminium ingot price now stands at INR 146,750 per tonne, an increase of 0.86% from INR 145,500 per tonne on January 18. This is the second time in a row that...
A00 aluminium ingot price extends decline to RMB14090/t on high inventories and low consumption
According to the Shanghai Metals Market, the A00 aluminium ingot price has extended its decline today, on January 22, by RMB 30 per tonne to stand at RMB 14,090 per tonne. The average prices are expected to range between RMB 14,070 per tonne and RMB 14,110 per tonne, with spot contract to be traded...
China saw the biggest decline in A00 aluminium ingot price; Aluminium Alloy (A356) price declined by RMB200/t
A00 aluminium ingot price plunged RMB 230 per tonne on Tuesday, 21 January 2020, the biggest drop since April 2018. The price now stood at RMB 14120 per tonne and is expected to move within a range of RMB 14100-14140 per tonne. Spot aluminium contract is likely to be traded at a discount of RMB 100...
Vedanta and Nalco hike aluminium ingots prices by 2% and 1% with effect from Friday
Both Vedanta and Nalco have increased their aluminium ingots prices with effect from Friday, January 17. While the former has hiked the price by 2 per cent, the latter has increased it by 1 per cent. So, with the latest price hike, the aluminium ingot price of Vedanta has come in at INR...
Primary aluminium inventories record speedy growth on Monday, resulting in sharp A00 aluminium ingot price decline
Aluminium inventories in China grew over the weekend by 21,000 tonnes, in contrast to 20,000 tonnes in the whole last week ended on January 16. Concentrated arrivals of stocks in some regions and weakening consumption as the world gears up for the Lunar New Year holidays were the two important...
LME aluminium soared on low opening stock and plunged US dollar; SHFE rallied
The US dollar rallied from one-week lows against a basket its rivals on Thursday, January 16, as investors digested solid data on the US economy. Three-month LME aluminium climbed to a one-week high of US$ 1,818 per tonne on Thursday, before it finished the trading day 0.5 per cent firmer at US$...
A00 aluminium ingot price grows by RMB110/t after three back-to-back declines; Aluminium alloys prices drop
According to Shanghai Metals Market, the A00 aluminium ingot price has recorded a significant rise of RMB 110 per tonne to RMB 14,310 per tonne on Thursday, January 16, after three consecutive drops from RMB 14,530 per tonne to RMB 14,200 per tonne. Since the beginning of the month, the A00...
Nalco cuts aluminium ingots prices by nearly 2% after three hikes in a row
National Aluminium Company Limited, the Navratna CPSE under Ministry of Mines, has reportedly cut its aluminium ingots prices by nearly 2 per cent, after hiking them three times in a row. The prices are now ranging between INR 150,350 per tonne and RMB 153,850 per tonne, compared to INR 152,850 –...
Both Hindalco and Vedanta cut aluminium prices by more than 1 per cent
Hindalco, with effect from Saturday, January 11, has reduced the prices of its aluminium ingots, billets, and wire rods by more than 1%, marking the second consecutive price cut in a week. While the aluminium ingot price has been reduced by 1.2 per cent from INR 145,500 per tonne on January 9 to...
A00 aluminium price edges lower by RMB100/t; Aluminium Alloy (A356) price slips 0.67%
A00 aluminium ingot price edged lower by RMB 100 per tonne or 0.70 per cent to stand at RMB 14200 per tonne on Wednesday, 15 January 2020, from Tuesday’s price of RMB 14300 per tonne. This marked the third consecutive fall in aluminium ingot price. The price is expected to range at RMB 14180-14220...
